Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since

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3 years ago

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Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since

Michael will be staying in his current location for the long-term, he decides to install new commercial ovens and dishwashers. These installations are examples of what...? Trade Fixtures Interim Fixtures Installations Real Property

Business

2 answers:

Schach [20] · Answer 1 · 2022-03-17T23:28:36+03:00

Answer:

The answer is trade fixtures

Explanation:

Trade fixtures are a tenant's installments which become a part of the land during the leasing contract period but they are not belong to the landlord thereafter. The tenant reserves the right to remove the the installments at the end of the contract term.

Marat540 [252] · Answer 2 · 2022-03-18T00:45:33+03:00

Answer:

A. Trade Fixtures

Explanation:

Trade Fixtures are the pieces of property installed by a business tenant in a leased building to help him run his business. The pieces of equipment could be equipment or installations that are useful in the running of the business. The tenant or business owner should ensure that whatever equipment he installs in the property can be easily detached because failure to do so would make the fixture become the landlord's own.

Examples of trade fixtures could be counters installed in the building, or even show glasses constructed to showcase goods. He should ensure that these properties can be moved when he eventually leaves the building.